India Farm Equipment Market (2023-2029) | Trends, Industry, Segmentation, Share, Analysis, Growth, Size, Revenue, Value, Outlook & COVID-19 IMPACT

India Farm Equipment Market | Country-Wise Share and Competition Analysis

In the year 2021, Malaysia was the largest exporter in terms of value, followed by China. It has registered a growth of 182.07% over the previous year. While China registered a growth of 23.06% as compared to the previous year. In the year 2017 Other Asia, nes was the largest exporter followed by China. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, India has a Herfindahl index of 2172 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of  2500 which signifies moderately concentrated in the market.

India Farm Equipment Market - Export Market Opportunities

Topics Covered in India Farm Equipment Market Report

India Farm Equipment Market report thoroughly covers the market by power output, by drive type, function and equipment type. The outlook report provides an unbiased and detailed analysis of the ongoing Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India Farm Equipment Market Synopsis

India Farm Equipment Market is anticipated to grow in the forecast year.  The increasing government support towards agriculture is the main driver for this growth. The changing preferences of consumers towards organic produce and modernised agricultural practices are fuelling the growth of the market.

According to 6Wresearch, India Farm Equipment Market size is anticipated to grow during 2023-2029. The market is witnessing significant growth and development in recent times. Mechanization in agriculture is the key driver of this growth. There is a rapid increase in the population and it has led to more demand for food and it has given rise to the need for more effective and efficient farming methods to increase the crop yield. The rising disposable income of the farmers has increased their purchasing power and it has helped them to achieve better production with the latest farm equipment. The advancement in technology has bolstered the growth of the market. Farming technologies have revolutionized the ways of farming. There are certain challenges exist in the market. The unaffordability of the product is one of the major challenges faced by the market. The unavailability of credit to small-scale farmers has restrained the growth of the market. The lack of finances limits the ability of the farmers to purchase the equipment. The underdeveloped infrastructure poses a major challenge to the India Farm Equipment Industry.

COVID-19 Impact on India Farm Equipment Market

The COVID-19 pandemic had a major impact on Farm Equipment Market in India. The supply chain disruption was one of the primary challenges faced by the market. There were delays in the production and delivery of farm machinery due to the shutdown of the factories and restrictions on transportation. This led to a reduction in demand for farm equipment products. The shortage of labour was another major challenge which emerged during the pandemic. The migrant workers were severely impacted by the sudden outbreak of the pandemic as they were unable to reach the farms. The most significant change during the pandemic was various government policies to revive the agriculture sector. The government promoted the concept of self-reliance during uncertain times.  The Market is an integral part of the Asia Pacific Farm Equipment Market and these factors have both positively and negatively affected the market

India Farm Equipment Market: Key players

• Mahindra & Mahindra Ltd.
• TAFE (Tractors and Farm Equipment Limited)
• Escorts Limited
• Sonalika International Tractors Ltd.
• John Deere India Pvt. Ltd.
• New Holland Agriculture (part of CNH Industrial N.V.)
• Kubota Agricultural Machinery India Pvt. Ltd.
• CLAAS India Pvt. Ltd.
• VST Tillers Tractors Ltd.
• Force Motors Ltd.

Market By Drive Type

On the basis of drive type, the market is segmented into Two-Wheel and Four-Wheel. Both segment is expected to dominate the market due to their utilisation in various kind of agricultural activities

Market By Function Type

Based on function type, the market is segmented into plowing & Cultivating, Sowing & Planting, Plant Protection & Fertilizing, Harvesting & Threshing, and Others.Plowing and cultivating will have a high share in the market due to their wide use in the preparation of the land for planting.

Market by Equipment Type

According to Shivankar, Research Manager, 6Wresearch on  the basis of Equipment Type, the market is segmented into tractors, Combines, Sprayers, Balers, Others. Tractors are expected to have a major share in the market due to its wide use in performance of every task which is performed on the field.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• India Farm Equipment Market Outlook
• Market Size of India Farm Equipment Market, 2022
• Forecast of India Farm Equipment Market, 2029
• Historical Data and Forecast of Bangladesh Farm Equipment Revenues & Volume for the Period 2019 - 2029
• India Farm Equipment Market Trend Evolution
• India Farm Equipment Market Drivers and Challenges
• Bangladesh Farm Equipment Price Trends
• Bangladesh Farm Equipment Porter's Five Forces
• Bangladesh Farm Equipment Industry Life Cycle
• Historical Data and Forecast of India Farm Equipment Market Revenues & Volume By Power Output for the Period 2019 - 2029
• Historical Data and Forecast of India Farm Equipment Market Revenues & Volume By <30 HP for the Period 2019 - 2029
• Historical Data and Forecast of India Farm Equipment Market Revenues & Volume By 31â??70 HP for the Period 2019 - 2029
• Historical Data and Forecast of India Farm Equipment Market Revenues & Volume By 71â??130 HP for the Period 2019 - 2029
• Historical Data and Forecast of India Farm Equipment Market Revenues & Volume By 131â??250 HP for the Period 2019 - 2029
• Historical Data and Forecast of India Farm Equipment Market Revenues & Volume By >250 HP for the Period 2019 - 2029
• Historical Data and Forecast of India Farm Equipment Market Revenues & Volume By Drive Type for the Period 2019 - 2029
• Historical Data and Forecast of India Farm Equipment Market Revenues & Volume By Two-wheel for the Period 2019 - 2029
• Historical Data and Forecast of India Farm Equipment Market Revenues & Volume By Four-wheel for the Period 2019 - 2029
• Historical Data and Forecast of India Farm Equipment Market Revenues & Volume By Function for the Period 2019 - 2029
• Historical Data and Forecast of India Farm Equipment Market Revenues & Volume By Plowing & Cultivating for the Period 2019 - 2029
• Historical Data and Forecast of India Farm Equipment Market Revenues & Volume By Sowing & Planting for the Period 2019 - 2029
• Historical Data and Forecast of India Farm Equipment Market Revenues & Volume By Plant Protection & Fertilizing for the Period 2019 - 2029
• Historical Data and Forecast of India Farm Equipment Market Revenues & Volume By Harvesting & Threshing for the Period 2019 - 2029
• Historical Data and Forecast of India Farm Equipment Market Revenues & Volume By Others for the Period 2019 - 2029
• Historical Data and Forecast of India Farm Equipment Market Revenues & Volume By Equipment Type for the Period 2019 - 2029
• Historical Data and Forecast of India Farm Equipment Market Revenues & Volume By Tractors for the Period 2019 - 2029
• Historical Data and Forecast of India Farm Equipment Market Revenues & Volume By Combines for the Period 2019 - 2029
• Historical Data and Forecast of India Farm Equipment Market Revenues & Volume By Sprayers for the Period 2019 - 2029
• Historical Data and Forecast of India Farm Equipment Market Revenues & Volume By Balers for the Period 2019 - 2029
• Historical Data and Forecast of India Farm Equipment Market Revenues & Volume By Others for the Period 2019 - 2029
• Bangladesh Farm Equipment Import Export Trade Statistics
• Market Opportunity Assessment By Power Output
• Market Opportunity Assessment By Drive Type
• Market Opportunity Assessment By Function
• Market Opportunity Assessment By Equipment Type
• Bangladesh Farm Equipment Top Companies Market Share
• Bangladesh Farm Equipment Competitive Benchmarking By Technical and Operational Parameters
• Bangladesh Farm Equipment Company Profiles
• Bangladesh Farm Equipment Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments

By Power Output

• 30 HP
• 31“70 HP
•  71130 HP
• 131250 HP
• >250 HP

By Drive Type

• Two-Wheel
•  Four-Wheel

By function Type

• Plowing & Cultivating
• Sowing & Planting
• Plant Protection & Fertilizing
• Harvesting & Threshing
• Others

By Equipment type

• Tractors
• Combines
• Sprayers
•  Balers
• Others